Anthropic Doubles Funding Target to $20B, Aims for $350B Valuation

Anthropic is increasing its latest funding round target from $10 billion to $20 billion, aiming for a $350 billion valuation amid surging investor interest, according to a Financial Times report on January 27, 2026. The AI company expects to close the round shortly. Backers in the round include Sequoia Capital, Singapore’s sovereign wealth fund, and Coatue Management. Anthropic, developer of Claude AI and Claude Code, previously raised $13 billion in September 2025 at a $183 billion valuation. The firm has engaged legal advisors to prepare for a potential IPO later this year.